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Vietnam’s banking profitability forecast to strengthen in 2024

Vietnam Investors Service (VIS Rating) predicts the industry’s return on average assets (ROAA) will recover from wider net interest margins (NIM) and stronger loan growth and support capital generation.

VNDirect expects to resume operation on April 1

The company is completing procedures with the information security management agency to officially connect with the two stock exchanges, expected to be completed today.

Vietnam’s EV market faces a bumpy road

Vietnam’s electric vehicle market will undergo changes in the coming years as the need to transition from internal combustion engine vehicles to electric vehicles increases.

Local motorcycle manufacturers make shift towards niche market

This shift was driven by several factors, including a decline in market demand and a need for innovation and differentiation.

Who is the real owner of Daewoo Hotel?

The business run by Truong My Lan and her family, the president of Van Thinh Phat Group, holds 93.6 percent of the Daewoo Hanoi Hotel stake. The hotel is among the most valuable in Vietnam and has changed hands many times.

Shark Thuy of Shark Tank arrested, bogged down in debt

Nguyen Ngoc Thuy, better known as Shark Thuy, known as a ‘big fish’, is bogged down in difficulties and immersed in debt. On March 25, Thuy was arrested over allegations of committing fraud to appropriate properties.

Offshore wind industry to create thousands of jobs

Existing staff working in the oil sector, building construction on the sea, electricity plants and marine industry can move to work in various technical positions in the offshore wind sector.

Vietnam boasts three seaports in Top 50 largest container seaports worldwide

Vietnam boasts three seaports listed among the Top 50 largest container ports globally, namely Ho Chi Minh City Port, Hai Phong Port and Cai Mep-Thi Vai Port.

Vietnam records trade surplus of 8.08 billion USD in Q1

Vietnam’s total export-import turnover hit 178.04 billion USD in the first quarter of this year, up 15.5% annually, resulting in a trade surplus of 8.08 billion USD, reported the General Statistics Office (GSO) on March 29.

HCM City seeks to improve mechanisms for innovation, start-up development

HCM City is seeking to improve mechanisms for innovation and start-up development by creating a supportive environment for start-up companies to contribute to the city’s growth as a regional and international innovation hub.

SBV approves designation of 14 important banks in 2024

The State Bank of Vietnam (SBV) has issued Decision No. 538/QD-NHNN approving the group of credit institutions and foreign bank branches which play an important role in the country's banking system in 2024.

Vietnam’s clean energy market opens, eyed by foreign giants

The deal of AG&P buying 49 percent of shares of LNG Cai Mep dock warehouse is expected to give a push to the renewables market, contributing to the go-green process in Vietnam.

VN does not accept ‘growing first, tidying up later’ model: PM

Vietnamese Prime Minister Pham Minh Chinh stressed that Vietnam considers green growth, together with digital transformation, the two core factors of growth, and will not accept the ‘growing first, tidying up later’ model.

Opportunities for digital technology businesses to go global

Investment in the fields of high technology, services, industrial production and industries with modern technical content is increasing significantly.

VN publishers grappling to escape difficulties

Minister of Information and Communications Nguyen Manh Hung stated that, due to waves of technology, the publishing industry is facing difficulties; thus, it needs to be more creative to adapt to the changes.

More feasible solutions warranted for growth

A new scheme to support enterprises amid ongoing difficulties has been tabled, amid the government finding ways to reach desired economic growth.

Vietnam in waiting list for market upgrade to secondary emerging

Vietnam remains in the watch list for a possible reclassification from frontier to secondary emerging market status, according to FTSE Russel’s Country Classification review in March.

Vietnam Connect Forum 2024 to take place in Hai Phong next month

The 2024 Vietnam Connect Forum is set to run in the northern port city of Hai Phong on April 10, featuring a plenary session and a series of networking activities between Vietnamese localities, businesses and foreign investors.

Biometric authentication required for transfers over VND10 million from July

In the wake of recent massive fund disappearances from bank accounts, the State Bank of Vietnam (SBV) has mandated biometric authentication for online money transfers and e-wallet top-ups exceeding VND10 million, with effect from July 1 this year.

Maritime farming expected to bring billions of dollars a year to VN

Vietnam has great potential to develop maritime farming. The problem is whether localities are determined to do it, according to Tran Dinh Luan, director of the Department of Fisheries.